Is Arcade, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Arcade has remained a Seller's Market.
Key Takeaway
Arcade is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Arcade, NY
How much do homes in Arcade, NY cost?
Median Sold Price
$188,000
$114/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Arcade have sold for 0.5% more than they did a year ago.
Summary: The median home sold price in Arcade was $188,000 in March 2024, up 0.5% from last year, and the median price per square foot was $114.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $46K | $74.2K | +61.3% |
| 2 Bedrooms | $77K | $83.4K | +8.4% |
| 3 Bedrooms | $194.7K | $228K | +17.1% |
| 4 Bedrooms | $206.7K | $200K | -3.2% |
| 5+ Bedrooms | $135K | $225K | +66.7% |
Summary: Arcade housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 61.3%, 2 bedroom homes increased by 8.4%, 3 bedroom homes increased by 17.1%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 66.7%.
Housing Supply in Arcade, NY
How many homes are available in Arcade, NY?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 13 | 10 | -23.1% |
Summary: The Arcade real estate market had 10 homes for sale in March 2024, a 23.1% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 2 | -33.3% |
| 3 Bedrooms | 5 | 4 | -20.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Arcade housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 3 | 2 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Arcade, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in Arcade in March 2024, down by 33.3% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Arcade, NY
How long does it take to sell a home in Arcade, NY?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 145 Days | 82 Days | -43.1% |
Summary: Homes in Arcade had an average of 82 days on market in Mar 2024, down by 43.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Arcade has remained consistent over time.
Summary: During March 2024, 2 homes were sold in Arcade; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.
